Thai man saves 300,000 baht in six months by stocking 50-baht notes

[webfact]

 

A 33 year old man named Thana Benjasak has made an inspiring impact on social media with his unique savings method. Thana, a breeder of Siamese fighting fish residing in Klong Chuk Chae, Chachoengsao, has managed to amass nearly 300,000 baht (US$8,727) in just six months by saving 50-baht notes.

 

Thana’s saving journey began when he saw a TikTok video about people saving 50-baht notes. Intrigued, he decided to give it a try. Every time he sold a fish, he would exchange the money for 50-baht notes and drop them into a jar. This simple yet effective method allowed him to save almost 300,000 baht within half a year, reported Sanook.

 

“I saw this savings method on TikTok and thought I’d try it,” Thana shared. “Every time I sold a Siamese fighting fish, I would exchange the money for 50-baht notes and put them in a jar. After six to seven months of doing this, I counted the money and it took over four hours to complete, but the result was staggering – 294,300 baht.”

 

by Nattapong Westwood

Photo courtesy of Khao Sod

 

Full story: The Thaiger 2023-12-28

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

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[JoePai]

He only sold 3 fish - mind they were 98,100 Baht each

[it is what it is]

 

nonsense, he'd have the money no matter where he put it.

[Tropicalevo]

Maybe an interesting side note -

I cannot see any 50 baht notes in the photo with Param IX on them. They all show the current king.

Many Thais are keeping the lower denomination notes (< 500 baht) with the old king on as they love him and want to keep his memory.

"Not many people know dat."

[PJ71]

The most amazing this about this story is that A Thai actually saved some money...

[Will B Good]

Idiot....if he had saved all the 100 baht notes he'd have 600,000 baht.......555

[wombat]

Old mate tells me I'm slow but fun to watch... it's gunna take time to wrap my head round this one

[alien365]

I used to save my 50 bahts and over about 3 years I had about 10,000 baht. He's clearly quite well off if he can afford to put over 1,500 baht away per day, which begs the question why isn't he storing his cash in the bank and earning interest on it.

[ThaiFelix]

The story runs as though the guy doesnt have any overheads, living expense etc.

 

However I do have a similar yarn from when I was young and out 3 or 4 nights a week at the boozer/dances etc.  The drunker uou get the more notes you go through buying drinks, cant be bothered fiddling with change.  When I got home I would empty my pockets on top of an old plywood wardrobe.  Well out of sight I would forget about it sober, until one night, in the early hours, the roof of the wardrobe collapsed, disturbing the whole house.  I cant recall how much but it was a multi hundered dollar surprise!

[hotchilli]

6 hours ago, webfact said:

Every time he sold a fish, he would exchange the money for 50-baht notes and drop them into a jar. This simple yet effective method allowed him to save almost 300,000 baht within half a year, reported Sanook.

So that was his gross income?

[loong]

I don't get it!
Why the need to change the money to 50 Baht notes? Just save the money in whatever notes it happens to be.

[captnhoy]

There it IS! The secret to success. These 1000 baht notes that I've got laying around are just not working.

[impulse]

I don't know that I'd want word to get around that I keep a bucket full of bank notes in my home.

 

What could possibly go wrong?

 

[MartinL]

34 minutes ago, hotchilli said:

So that was his gross income?

Far more than he tells the tax man about - until now.

[Masterton]

Well that explains where all the 50b notes have gone and why there are so few in circulation...  

[Dave0206]

2 hours ago, MartinL said:

Far more than he tells the tax man about - until now.

Was thinking same made it easy for them to calculate income 

[ujayujay]

14 hours ago, webfact said:

 

A 33 year old man named Thana Benjasak has made an inspiring impact on social media with his unique savings method. Thana, a breeder of Siamese fighting fish residing in Klong Chuk Chae, Chachoengsao, has managed to amass nearly 300,000 baht (US$8,727) in just six months by saving 50-baht notes.

 

Thana’s saving journey began when he saw a TikTok video about people saving 50-baht notes. Intrigued, he decided to give it a try. Every time he sold a fish, he would exchange the money for 50-baht notes and drop them into a jar. This simple yet effective method allowed him to save almost 300,000 baht within half a year, reported Sanook.

 

“I saw this savings method on TikTok and thought I’d try it,” Thana shared. “Every time I sold a Siamese fighting fish, I would exchange the money for 50-baht notes and put them in a jar. After six to seven months of doing this, I counted the money and it took over four hours to complete, but the result was staggering – 294,300 baht.”

 

by Nattapong Westwood

Photo courtesy of Khao Sod

 

Full story: The Thaiger 2023-12-28

 

- Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here.

 

Get our Daily Newsletter - Click HERE to subscribe

I do the same with 1000 Baht notes

[vangrop]

Very good initiative. But I think he is an ultimate exception, because they do not know the word saving. It is simply not in their dictionnary, Neither as logic by the way. I know I asked the GF

[persimmon]

Wow , Siamese fighting fish - seems like a good business to be in .

[digger70]

5555, Believe it or Not .must have sold a lot of fish, Nah (Me think) didn't happen.

[impulse]

11 hours ago, vangrop said:

Very good initiative. But I think he is an ultimate exception, because they do not know the word saving. It is simply not in their dictionnary, Neither as logic by the way. I know I asked the GF

 

Try living on 300 baht a day and see how much you can save.

 

[Purdey]

Anything that teaches Thais about saving money is good. Putting 50 Baht into an interest bearing account would obviously be better.

[ChrisKC]

Interesting story that after only 6 months he has made that much and saved it, as well as buying new stock and normal daily living expenses.

 

About a year ago, I decided I would keep all new Rubber B20's I received in change and put them away, Last week (I don't go looking for them), I counted them and had B4,300. I didn't miss the money; that now gives me a feeling of having about B4,300 more than I thought.

[loong]

16 hours ago, ChrisKC said:

About a year ago, I decided I would keep all new Rubber B20's I received in change and put them away, Last week (I don't go looking for them), I counted them and had B4,300. I didn't miss the money; that now gives me a feeling of having about B4,300 more than I thought.

That makes sense as a method of saving.

The fish guy's method makes no sense at all!

He sells a fish for x baht.

He then changes that x baht into 50 baht notes. I assume that means a trip to the bank as 50 baht notes are not that common.

He puts those notes in a bucket.

He is averaging close to 2000 baht per day so this must involve a fair amount of hassle.

After 6 months he has 6000 50 baht notes that he probably needs to change into larger denominations.

He could have just opened a savings account and paid the money into the account instead of changing it into 50 baht notes!

[jacko45k]

No wonder I never have any of these darned notes.. they are perfect for the M/C taxis around town!

[JeffersLos]

The same amount of Bit Coin everyday instead and he would have around half a million. 

Edited December 30, 2023 by JeffersLos

[This Guy]

To all the naysaying posters, my wife has been saving every 50 baht note she gets in her change from shopping for the last 8 months. Whilst not 300K, she has amassed 10.5K.
Some of the people here need to get a life instead of deriding Thais.
 

[Chris Daley]

Totally worthless story.  There's nothing to be learned from this.  Some loser divided his salary into 50 baht notes.  So now what's next?  You ask the kbank staff to accept sacks of notes?  Moron.

Edited January 1 by Chris Daley

[ChaiyaTH]

8 hours ago, This Guy said:

To all the naysaying posters, my wife has been saving every 50 baht note she gets in her change from shopping for the last 8 months. Whilst not 300K, she has amassed 10.5K.
Some of the people here need to get a life instead of deriding Thais.
 

Or she could just have saved up a fixed amount and have the same amount or more. People who think this is a smart way, are just ignorant about how they are with their money. It's even stupid because instead of saving a fixed amount, you let it depend on chance.

Edited January 1 by ChaiyaTH